What are the responsibilities and job description for the KYC Specialist position at Phaxis?
We are currently seeking a KYC Specialist for a reputable foreign bank in NYC.
This role is contract to hire and hybrid.
Key Responsibilities:
- Manage and coordinate end-to-end onboarding requests for all divisions.
- Compose KYC (Know Your Customer) packages and perform due diligence on new clients based on risk ratings, including FinCen requirements and Enhanced Due Diligence.
- Conduct OFAC (Office of Foreign Assets Control) and Negative News searches on clients and related parties to identify and assess potential risks to the firm.
- Prioritize onboarding cases to ensure timely completion before deadlines.
- Recommend and assist in implementing requirements for process efficiencies where needed.
- Liaise directly with the Front Office and clients to facilitate smooth onboarding processes.
- Work closely with internal groups such as Legal, Compliance, Sanctions, Regulatory, Tax, and Operations to ensure adherence to internal audit requirements and compliance standards.
Your Skills & Experience:
- 2 years of KYC compliance experience within financial services
- Strong attention to detail and analytical skills.
- Excellent communication skills.
- Ability to effectively manage and report on progress of requests.
Salary : $30 - $35
